A $17.1 Billion Global Opportunity for Lactose-free Foods by 2026 - New Research from StrategyR
SAN FRANCISCO, Sept. 10, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Lactose-free Foods - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 1831
Companies: 42 - Players covered include Alpro UK Ltd.; Amy's Kitchen, Inc.; Arla Foods Amba; Barry Callebaut AG; Cargill, Inc.; Cargill, Inc.; Chr. Hansen Holdings A/S; Crowley Foods, Inc.; Daiya Foods, Inc.; Dean Foods Company; Edlong Dairy Technologies; Edlong Dairy Technologies; Emmi AG; Fonterra Co-operative Group Ltd.; Galaxy Nutritional Foods, Inc.; Galaxy Nutritional Foods, Inc.; General Mills, Inc.; Green Valley Organics; Green Valley Organics; HP Hood LLC; Land O'Lakes, Inc.; Murray Goulburn Co-operative Co. Limited (Devondale Murray Goulburn); Parmalat SA (Pty) Ltd.; Tine AS; Valio Oy; WhiteWave Foods Company and Others.
Coverage: All major geographies and key segments
Segments: Segment (Lactose-Free Dairy, Lactose-Free Baby Food)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Lactose-free Foods Market to Reach $17.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Lactose-free Foods estimated at US$9.7 Billion in the year 2020, is projected to reach a revised size of US$17.1 Billion by 2026, growing at a CAGR of 9.6% over the analysis period. Lactose-Free Dairy, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$11.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lactose-Free Baby Food segment is readjusted to a revised 9.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.9 Billion in 2021, While China is Forecast to Reach $3.5 Billion by 2026
The Lactose-free Foods market in the U.S. is estimated at US$2.9 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2026 trailing a CAGR of 12.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 8.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR. More
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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